Just as selling and profit taking happens naturally when prices trade high near a new All-Time High, buying also happens naturally at support.
OMUSDT was trading at a new All-Time High in February 2025 and smart traders and holders took profits. This taking profits results in a long-term higher low and a new buy-opportunity.
Always remember, never buy when prices are high up or after a strong bullish wave. Why? Because whales tend to sell when prices are high. Only buy when prices are low.
OMUSDT is trading pretty low right now compared to February 2025. We had 96% correction, but the correction bottom is still a very strong higher low compared to the start of the bullish cycle and wave. After the correction is over, which in this case is early May, we will have a new growth wave.
Easy target can be seen on the chart as 810%.
It can go higher and this is a new All-Time High. We are going with the easy target for this one. An easy trade.
Namaste.
OMUSDT was trading at a new All-Time High in February 2025 and smart traders and holders took profits. This taking profits results in a long-term higher low and a new buy-opportunity.
Always remember, never buy when prices are high up or after a strong bullish wave. Why? Because whales tend to sell when prices are high. Only buy when prices are low.
OMUSDT is trading pretty low right now compared to February 2025. We had 96% correction, but the correction bottom is still a very strong higher low compared to the start of the bullish cycle and wave. After the correction is over, which in this case is early May, we will have a new growth wave.
Easy target can be seen on the chart as 810%.
It can go higher and this is a new All-Time High. We are going with the easy target for this one. An easy trade.
Namaste.
Note
Classic resistance turned support dynamic.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.